Speculations Rife About Microsoft's Acquisition of Adallom, the Cloud Security Company
FREMONT, CA: Microsoft plans to acquire cloud security company Adallom for a price of $320Mn, reports Orr Hirschauge for The Wall Street Journal.
Adallom is striving to achieve a solution for a security problem which bothers many organizations on the seam of mobile computers such as smartphones, tablets and laptops, with apps outside the organization. To solve the problem, Adallom has developed a technology that provides a layer that envelope the application and the organizational information that sits in the remote server farm, so that access to it passes via Adallom's command and control mechanism.
While neither company has commented on the supposed acquisition, the Journal quoted two sources familiar with the deal acknowledging Microsoft had signed a letter of intent for the acquisition.
"According to the people familiar with the matter, Adallom, which employs 90 people world-wide, will continue to operate from Israel, building up Microsoft's cybersecurity-focused operations in the country," the Journal article stated.